Saudi Arabia Suckered Again By Russia In OPEC+' s Output Cut
Saudi Arabia’s decision to go it alone and cut production in July is likely to benefit other OPEC+ members more than the Kingdom itself
Source: oilprice.com
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Pioneer Sees $70-$100 Oil As Supply Growth Remains Constrained
Constrained production growth will lead to moderately higher prices in the medium term according to shale giant Pioneer Natural Resources
Source: oilprice.com
EIA: Oil Prices Will Not Rally Despite Saudi Output Cut
Oil prices will not average more than $80 per barrel in the second half of this year, despite the most recent production cut announced by Saudi Arabia, the U.S. Energy Information Administration said in its latest Short-Term Energy Outlook
Source: oilprice.com
Traders Aren't Buying The Oil Deficit Story
Oil has largely given up its OPEC+ output cut gains as the leading narratives in oil markets remain recession fears and demand concerns
Source: oilprice.com
Oil Prices Surge as Saudi Arabia Implements Deep Output Cuts
Oil prices climb as Saudi Arabia's output cuts outweigh demand concerns. Brent and WTI futures rise on reduced production and positive market factors.
Source: news18.com